The global biocides and disinfectants market to grow at a CAGR of 5.38% during the period 2017-2021.

Global Biocides and Disinfectants Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

According to the report, one of the major drivers for this market is Increasing population and rising demand for clean water. Rising population across the globe increases the demand for clean water, which drives the global biocides and disinfectants market. It is estimated that the global population will increase by around 35% during 2015-2050, which will increase the demand for water by more than 50%. By 2050, the global population will reach 9.2 billion. A majority of the current population does not have access to clean water. According to the UN, around 783 million people do not have access to safe water.

The latest trend gaining momentum in the market is Increasing focus on research and development (R&D). Players in the market invest heavily in the R&D of biocides and disinfectants and introduce products with enhanced functionalities and improved efficiency. These products help in waste water treatment. Development of new varieties of biocides and disinfectants drives market growth. The market is highly price sensitive, and the key players offer product differentiation through innovations. In the present scenario, a large number of players focus on innovations that improve quality and reduce the cost of production. The vendors have developed technologies and solutions that have led to an increase in the number of patents.

Further, the report states that one of the major factors hindering the growth of this market is Growing preference for alternate technologies over chemicals. Increasing preference for alternate water treatment technologies poses a serious challenge to the global biocides and disinfectants market. The chemical treatments include UV disinfection, ultrafiltration, and ion exchange technologies. Consumer awareness about severe health issues caused by chemicals hinders market growth.